Morningstar, Inc. (MORN)

Morningstar Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	474.2	502.7	337.9	376.6	483.8	422.5
Short-Term Investments	40.3	48.3	51.1	38	62.3	41.7
Cash & Short-Term Investments	514.5	551	389	414.6	546.1	464.2
Cash Growth	-14.49%	41.64%	-6.17%	-24.08%	17.64%	26.31%
Accounts Receivable	363.9	358.1	343.9	307.9	268.9	205.1
Other Receivables	12.9	12.4	0.6	-	8.9	2.2
Receivables	376.8	370.5	344.5	307.9	277.8	207.3
Prepaid Expenses	41.8	42.1	34.9	36.7	30.6	31.7
Other Current Assets	46.1	50.5	47.3	51.6	33.1	26.8
Total Current Assets	979.2	1,014	815.7	810.8	887.6	730
Property, Plant & Equipment	390.3	400.1	371.6	391	321	302.8
Long-Term Investments	71.8	85.3	100.2	96	63.3	32.6
Goodwill	1,615	1,562	1,579	1,572	1,207	1,205
Other Intangible Assets	396	408.8	484.4	548.6	328.2	380.1
Long-Term Deferred Tax Assets	65.7	43.2	14.6	10.8	12.8	12.6
Long-Term Deferred Charges	29.5	26.6	29.3	35.4	31.1	18.5
Other Long-Term Assets	10.4	8.8	8.8	10.5	11.7	14.4
Total Assets	3,558	3,549	3,403	3,475	2,863	2,696
Accounts Payable	90.4	87.3	78.4	76.2	76.5	64.5
Accrued Expenses	231	272.2	214.4	220.1	273.7	169.2
Current Portion of Long-Term Debt	-	-	32.1	32.1	-	-
Current Portion of Leases	39.9	35.1	36.4	37.3	36.4	39.9
Current Income Taxes Payable	9.6	30.5	-	-	-	-
Current Unearned Revenue	563.9	540.8	517.7	455.6	377.4	306.8
Other Current Liabilities	10.7	1.4	1.8	61.2	19.5	46.1
Total Current Liabilities	945.5	967.3	880.8	882.5	783.5	626.5
Long-Term Debt	848.9	698.6	940.3	1,078	359.4	449.1
Long-Term Leases	153.8	170.3	151.4	176.7	135.7	137.7
Long-Term Unearned Revenue	21	22.4	26.3	33.5	36.4	33.5
Long-Term Deferred Tax Liabilities	27.2	27.6	35.6	62.9	101.7	108.9
Other Long-Term Liabilities	47.2	44.1	41.2	34.6	30.1	68.9
Total Liabilities	2,044	1,930	2,076	2,268	1,447	1,425
Additional Paid-In Capital	861.4	822.7	789	757.8	689	671.3
Retained Earnings	2,111	1,909	1,611	1,535	1,527	1,389
Treasury Stock	-1,387	-993.9	-985.5	-986.7	-764.3	-767.3
Comprehensive Income & Other	-71.4	-119.4	-86.5	-99	-35.3	-22
Total Common Equity	1,514	1,619	1,328	1,207	1,416	1,271
Shareholders' Equity	1,514	1,619	1,328	1,207	1,416	1,271
Total Liabilities & Equity	3,558	3,549	3,403	3,475	2,863	2,696
Total Debt	1,043	904	1,160	1,324	531.5	626.7
Net Cash (Debt)	-528.1	-353	-771.2	-909	14.6	-162.5
Net Cash Per Share	-12.36	-8.19	-17.98	-21.19	0.34	-3.76
Filing Date Shares Outstanding	41.13	42.84	42.73	42.48	42.96	42.9
Total Common Shares Outstanding	41.51	42.87	42.73	42.48	43.14	42.9
Working Capital	33.7	46.8	-65.1	-71.7	104.1	103.5
Book Value Per Share	36.48	37.76	31.08	28.42	32.82	29.64
Tangible Book Value	-496.7	-352.2	-735.4	-913.2	-119.3	-313.7
Tangible Book Value Per Share	-11.97	-8.22	-17.21	-21.50	-2.77	-7.31
Machinery	-	138.1	152.6	144.4	124.8	112.6
Construction In Progress	-	12.2	13.8	13.7	11	8.6
Leasehold Improvements	-	113.9	113.3	106.5	100.7	96

Updated Oct 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q